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Can SoFi Shares Thrive Through Maturity?
Yahoo Finance· 2026-03-22 13:22
SoFi office interior with frosted glass logo, symbolizing digital banking growth and financial super app expansion. Key Points SoFi is transforming from a student-loan specialist into a full-service digital bank, targeting Gen Z with a mobile-first platform. A SoFiUSD stablecoin partnership with Mastercard positions SoFi at the forefront of cheaper, always-on crypto-powered payments. Strong 2025 results and membership growth support SoFi’s long-term outlook, even as credit risks, competition, and stock ...
X @Wu Blockchain
Wu Blockchain· 2026-03-18 05:48
Crypto payments platform Bitrefill disclosed that it suffered a cyberattack on March 1, 2026, suspected to be linked to the North Korean Lazarus Group / Bluenoroff. The breach originated from a compromised employee device and leaked credentials, allowing attackers to access parts of its database and hot wallets and transfer funds. About 18,500 order records were accessed, involving email addresses and crypto addresses. Bitrefill stated that it does not store full KYC data, operations have largely resumed, a ...
Voltage Launches USD Credit for Lightning Network
Yahoo Finance· 2026-02-19 19:00
Voltage, a leading Bitcoin infrastructure provider based in Texas, has just launched a financial product that could bridge the gap between traditional banking and crypto payments. The company introduced a USD-settled revolving credit line designed specifically for the Lightning Network, changing the game for enterprises that want speed without volatility. This announcement follows a massive milestone for the network: a successful $1 million transaction between Secure Digital Markets (SDM) and Kraken earl ...
This Trump Stock Just Announced a $100 Million Catalyst. Should You Buy Its Shares Now?
Yahoo Finance· 2026-01-30 22:17
Company Overview - ALT5 Sigma Corporation (ALTS) is a fintech and biotech firm focused on revolutionizing digital assets and healthcare [1] - The company was founded in 1976, originally named JanOne, and is headquartered in Las Vegas, Nevada, with operations across North America and Europe [2] Financial Performance - In Q3 2025, ALT5 reported revenue of $7.58 million, a 53.3% increase from $4.94 million the previous year, driven entirely by its fintech segment [4] - Earnings per share (EPS) for the quarter was $0.28, significantly surpassing analyst estimates of -$0.36 by 178% [4] - Gross margin for the quarter was 35%, supported by fintech payments and the Mswipe acquisition [5] - Net income reached $48.96 million, bolstered by WLFI's digital asset treasury [5] - Stockholders' equity stood at $1.6 billion, indicating a strong balance sheet with healthy cash reserves [5] Stock Performance - ALT5 Sigma's stock has shown mixed short-term performance, with a 4% dip over the past five days, but a strong one-month gain of 88% due to momentum in fintech and biotech [3] - Over the past year, the stock has underperformed compared to the Nasdaq Composite and S&P 500, dropping 63% [3] Strategic Initiatives - The company has not provided formal guidance for Q4 or full-year 2025 but remains optimistic about fintech expansion [6] - CEO Tony Isaac highlighted plans for Nasdaq compliance, USD1 stablecoin integration, WLFI debit cards, and treasury growth through 7.28 billion USD1 tokens aimed at institutional reach [6] Shareholder Actions - ALT5 Sigma's board has approved a $100 million stock buyback program to repurchase shares trading below net asset value, targeting up to 50 million shares, which is about 40% of outstanding shares [7]
X @Kraken
Kraken· 2025-12-19 16:44
Crypto payments = real world utilityThe B.E.S.T. bundle from Rob @NewsAsset is here. Built for those who believe stablecoins will continue driving blockchain adoption.Exclusively in the Kraken app → https://t.co/A98ras0wcI https://t.co/xZQmtfc2iM ...
Crypto Payments Firm Truther to Launch Non-Custodial USDT Visa Card in El Salvador
Yahoo Finance· 2025-11-29 16:42
Core Insights - Truther plans to launch a crypto payment card in El Salvador on January 29, allowing users to spend USDT directly from their wallets without preloading funds or using custodial services [1][2] Product Details - The card will draw funds from Truther's self-custody wallet at the moment of purchase, featuring a 2% fee on currency conversions, and will not carry the IOF tax for Brazilian users [2] - Unlike traditional crypto cards, Truther's card allows real-time deduction of USDT equivalent without prior loading, enhancing practicality for travelers [3] Partnership and Infrastructure - The partnership with Visa builds on Truther's existing infrastructure, which processes $40 million in daily volume by connecting stablecoins like USDT to Brazil's PIX payment system [4] - Visa has begun piloting stablecoin payouts for creators and gig workers, indicating a growing acceptance of stablecoins in traditional finance [4] Market Expansion - The launch in El Salvador serves as a test for broader adoption across Latin America, with plans to extend services to Argentina, Mexico, Colombia, and Russia [5][6] - Truther's self-custody wallet supports BTC, USDT, and its own stablecoin tied to the Brazilian real, with plans to integrate more local stablecoins by early 2025 [6][7] Future Projections - The company anticipates stablecoin volumes could triple over the next 12 months as traditional financial players enter the ecosystem [8]
Crypto Platform Exodus to Acquire W3C Corp and Subsidiaries Baanx, Monavate
Crowdfund Insider· 2025-11-26 20:35
Core Viewpoint - Exodus Movement, Inc. has announced a definitive agreement to acquire W3C Corp, which includes Monavate Holdings and Baanx, to enhance its payment infrastructure and capabilities in the cryptocurrency space [1][2]. Group 1: Acquisition Details - The acquisition is subject to regulatory approvals and aims to integrate Monavate and Baanx's issuing, processing, and regulatory capabilities into Exodus's product suite [1][2]. - By acquiring these companies, Exodus will reduce its dependence on third-party providers for card and payment services [2]. Group 2: Strategic Goals - Post-acquisition, Exodus plans to issue payment cards through networks like Visa, Mastercard, and Discover, expanding its reach in the US, UK, and EU [3]. - The integration of card and payment infrastructure is intended to close the gap between holding and spending cryptocurrencies, allowing businesses to utilize stablecoins for transactions [3]. Group 3: Market Insights - Stablecoin payment volumes have increased by 70% from February to August 2025, with a significant portion driven by B2B payments [3]. - The acquisition is expected to diversify Exodus's revenue streams and build a recurring earnings base aligned with the everyday use of digital dollars [3]. Group 4: Future Capabilities - The infrastructure will enhance capabilities for enterprise clients, enabling features like embedded programmable payouts and turnkey card issuance [3]. - The announcement follows a previous acquisition of Grateful, a stablecoin payments orchestrator, indicating a strategic focus on expanding stablecoin-powered payment solutions [3].
Exodus Enters Next Phase as a Crypto Payments Company With Agreement to Acquire W3C Corp, and its subsidiaries Baanx and Monavate
Globenewswire· 2025-11-24 21:05
Core Viewpoint - Exodus Movement, Inc. has announced a definitive agreement to acquire W3C Corp, which includes Monavate and Baanx, to enhance its payments infrastructure and position itself as a leader in on-chain payments [1][2][3] Acquisition Details - The acquisition is valued at $175 million and will be funded through a combination of cash and financing from a credit facility with Galaxy Digital, secured by the company's Bitcoin holdings [7] - The acquisition is subject to regulatory approvals and customary closing conditions, with an expected closing in 2026 [7] Strategic Implications - The acquisition will allow Exodus to control the end-to-end payments experience, integrating issuing, processing, and regulatory capabilities directly into its product suite [3][4] - By bringing card and payments infrastructure in-house, Exodus aims to reduce reliance on third-party providers and support a wider range of assets, including stablecoins [3][4] Market Context - The demand for stablecoin payments has surged, with volumes increasing by 70% from February to August 2025, primarily driven by B2B transactions [4] - The infrastructure expansion is expected to enhance offerings for enterprise clients, enabling flexible payment solutions and partnerships with major players like MetaMask and Ledger [5][6] Financial Outlook - The acquisition is anticipated to diversify Exodus's revenue streams through interchange, processing, and program fees, contributing to a more predictable earnings base [5] - XO Swap, a service offered by Exodus, accounted for 37% of all exchange provider volume in October 2025, indicating strong market presence [5]
Crypto Wallet Firm Exodus Buys Baanx and Monavate for $175M
Yahoo Finance· 2025-11-24 21:00
Core Viewpoint - Exodus Movement is acquiring W3C Corp for $175 million, enhancing its capabilities in the cryptocurrency payments space [1][4]. Group 1: Acquisition Details - The acquisition includes cash on hand and financing from Galaxy Digital secured by Exodus' Bitcoin holdings [1]. - Baanx and Monavate, the subsidiaries of W3C Corp, focus on crypto cards and self-custody Web3 payments, collaborating with major companies like Visa and Mastercard [2]. Group 2: Strategic Implications - This deal positions Exodus as one of the few self-custodial wallets to manage the entire payments experience, from wallets to cards [2][3]. - The acquisition allows Exodus to issue payment cards through networks such as Visa, Mastercard, and Discover, expanding its geographic reach to the U.S., UK, and EU [3]. Group 3: Business Model and Revenue - The integration of card and payments infrastructure is expected to diversify Exodus' revenue streams, creating a more predictable earnings base aligned with everyday use of digital dollars [5]. - The economics from interchange, processing, and program fees will become foundational to Exodus' payments and transaction services business [5]. Group 4: Future Outlook - The deal is subject to customary adjustments and approvals, with an expected closing date in 2026 [6].
Innovative Payment Solutions (OTC: IPSI) Launches Full-Spectrum Payments Platform, Enters Commercial Deployment
Globenewswire· 2025-11-18 14:00
Core Insights - Innovative Payment Solutions, Inc. (IPSI) has completed all necessary agreements and infrastructure to launch a comprehensive range of modern merchant payment products, entering the commercial deployment phase with initial live transactions expected soon [1][2] Group 1: Platform Capabilities - IPSI's platform is enhanced by strategic partnerships with Payzli, PayzliPlus/Brant Point Solutions, and TabaPay, providing access to 14 major payment networks and 18 real-time settlement bank partners [2] - The integrations enable IPSI to offer faster onboarding, automated underwriting, real-time settlement pathways, and competitive pricing compared to traditional processors [3] Group 2: Market Focus - IPSI is targeting the online gaming, sportsbook, and digital wagering sectors, which have been historically underserved by traditional payment providers, leveraging real-time capabilities through TabaPay and Payzli [4] - The company is preparing to launch crypto-enabled POS devices that will allow merchants to accept selected cryptocurrencies and stablecoins, with automatic conversion to USD [5] Group 3: Leadership Perspective - CEO Bill Corbett stated that IPSI has completed the foundational work and is now positioned to compete effectively on price, speed, and technology, indicating readiness for market engagement [6]